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Morningside, Morningside, Durban, KwaZulu-Natal
R 20 500 000
An exceptional income-generating property in the heart of Morningside, offering high rental returns and long-term investment security. ?? Financial Overview: ?? Monthly Rental Income: R162,500 ?? Annual Rental Income: R1,950,000 ? Fully Tenanted – A lucrative and stable asset. ?? Property Features: ?? 25 Fully Equipped Units – Each designed to accommodate 4 occupants, making it ideal for student or tenant accommodation. ?? Each Unit Includes: ?? Fully Fitted Kitchen – Modern appliances for convenience. ?? Toilet & Shower – Sleek and contemporary finishes. ?? 4 Single Beds – Maximizing space efficiency. ?? Porcelain Tiles – Elegant and low-maintenance flooring. ?? Fridge & Microwave – Essential amenities for tenants. ?? Modern Amenities & Security: ?? Capacity for 100 Tenants – Ideal for student housing or shared accommodation. ?? CCTV & WiFi – Ensuring security...
Estimated monthly repayment
R 193 588
on a R 18 450 000 bond over 20 years at 11.25%
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Morningside, Morningside, Durban, KwaZulu-Natal
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Fair-value check
Priced highPriced 756% above comparable 3-bed apartments for sale in Morningside
Based on 172 comparable listings
A market signal from comparable listings — not a formal valuation.